Latest Tokyo Brief coverage on Metaplanet Inc., tracking filings, financial news, and market signals from Japan.
TSE:3350
A Los Angeles adviser's stake in Tokyo-listed Metaplanet fell to 9.76% after a run of September sales, and the same filing discloses tens of millions of its shares out on loan to JPMorgan and Fidelity.
Metaplanet's board wants to hand over 2,100 Bitcoin and $2.5 million in cash for 95.7% of the votes in Nasdaq's Super League Enterprise, which would be renamed Superplanet and pivot into a bitcoin treasury business once SLE shareholders sign off, expected in the final quarter of 2026.
Metaplanet has frozen the share count under its 2023 executive stock options at 319,464,000 shares and barred the five holders, including the company's representative CEO, from selling exercised shares until August 2031.
Metaplanet's revenue and operating profit both more than doubled in the first half, but a ¥184.3bn non-cash writedown on its 43,000 BTC holding pushed the company to a ¥182.8bn net loss. It also closed a ¥2.1bn deal for Siiibo Securities, now Metaplanet Securities, to sell bitcoin-backed corporate bonds under a program called BitBonds.